Come hell or high water or Article 2A: how legislatures and practitioners can cope with several drafting anomalies in Article 2A of the Uniform Commercial Code
Article Abstract:
Article 2A of the Uniform Commercial Code, which governs personal property leases, contains flaws which are problematic when larger commercial leases are involved. This section, drafted in an earlier era, does not address typical capital asset leasing situations in the modern business world, in which both parties have adequate counsel and can protect themselves. Parties to larger leases should be allowed to negotiate their own binding provisions, including waivers of revocation rights, so as to facilitate consummation of transactions on a timely basis.
Publication Name: Commercial Law Journal
Subject: Law
ISSN: 0010-3055
Year: 1996
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The equitable estoppel argument for and against commercial arbitration: from Hughes Masonry Co., Inc. v. Clark County School Building Corp. to Northern, Ltd. v. R.E. James
Article Abstract:
The application of the equitable estoppel doctrine in commercial arbitration can depend upon numerous circumstances. The doctrine has evolved from 1981 through 1987 and must be read in context of the Federal Arbitration Act. Estoppel application may depend on the role of a nonsignatory, as in Hughes Masonry Co., Inc. v. Clark County School Building Corp. and on mutuality of obligation, as in Northcom Ltd. v. James.
Publication Name: Commercial Law Journal
Subject: Law
ISSN: 0010-3055
Year: 1998
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